PTC Therapeutics (PTCT) PT Raised to $52 at Baird

Baird analyst Joel Beatty raised the price target on PTC Therapeutics (NASDAQ: PTCT) to $52.00 (from $48.00) while maintaining a Outperform rating.

The analyst commented: "We're positive on PTCT after we held a KOL earlier today after Friedreich's ataxia; separately, we believe the phase 2 failure of utreloxastat in ALS announced after the close should have little impact on the stock. Beyond this, our price target increase to $52 (+$4), mainly reflects assigning more credit to sepiapterin, which we view as the most crucial agent in the company's portfolio."

You May Also Be Interested In

• Walmart (WMT) PT Lowered to $126 at BofA Securities
• Hims and Hers (HIMS) PT Lowered to $35 at Barclays
• Rubrik Inc (RBRK) PT Raised to $120 at Oppenheimer; Sees Another 'Beat and Raise'